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Overview / Commentary
800-272-5380
210 Summit Dr
Minot Afb, ND 58705-5006

Northern Tier Credit Union is headquartered in Minot Afb and is the 9th largest credit union in the state of North Dakota. It is also the 1,417st largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 33 employees and 12,388 members. Northern Tier Credit Union's money market rates are 36% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live within a 50 mile radius of Velva or Willow City. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Northern Tier Credit Union had $1.61 million in non-current loans and owned real-estate with $9.78 million in equity and loan loss allowances on hand to cover it. This gives Northern Tier Credit Union a Texas Ratio of 16.44% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Northern Tier Credit Union decreased dramatically from 25.19% as of March 31, 2013 to 16.44% as of March 31, 2014, resulting in a positive change of 34.74%.This indicates that the balance sheet and financial strength for Northern Tier Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Northern Tier Credit Union has increased its total deposits by $6.69 million, resulting in 7.12% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northern Tier Credit Union has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northern Tier Credit Union has $111.12 million in assets with $9.78 million in equity, resulting in a capitalization level of 8.80%, which is average.

Institution Statistics

Overall
NCUA #12998
Year Chartered1959
Employees33
Primary Regulator
Assets and Liabilities
Assets$111.12 million
Loans$77.23 million
Deposits$100.66 million
Equity Capital$9.01 million
Loan Loss Allowance$775,000
Unbacked Noncurrent Loans$1.61 million
Real Estate Owned$0
Historic Data - March 2013
Assets$103.45 million
Equity Capital$8.69 million
Loan Loss Allowance$632,000
Unbacked Noncurrent Loans$1.61 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.1%
Return on Assets0.39%
Return on Equity4.84%
Interest Income$1.08 million
Rates

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Northern Tier Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$2,500-Seniority Club Account
0.25%$100-Regular Savings Account

Northern Tier Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$50k-Super Money Market Account
0.30%$1k-Money Market Account

Northern Tier Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Checking Account

Northern Tier Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$5k-5 Year CD
1.40%$5k-4 Year CD
1.25%$5k-3 Year CD
0.90%$10k-2 Year CD
0.80%$10k-18 Month CD
0.80%$10k-1 Year CD
0.45%$10k-180 Day CD
0.15%$10k-91 Day CD

Northern Tier Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.70%$1k-5 Year Lifetime IRA
1.45%$1k-4 Year Lifetime IRA
1.30%$1k-3 Year Lifetime IRA
0.95%$1k-2 Year Lifetime IRA
0.85%$1k-1 Year Lifetime IRA
Locations


Northern Tier Credit Union Locations
Branch Office102 Main St NVelva, ND 58790-7301
Branch Office388 Main StWillow City, ND 58384
Branch Office310 Main St EButte, ND 58723-9998
Branch Office1819 S BroadwayMinot, ND 58701-6505
Branch Office210 Summit DrMinot Afb, ND 587055006